Wilhelmina, EIB to build RM284mil plant

KUALA LUMPUR: Dutch renewable energy company Maatschappij Wilhelmina NV (Wilhelmia) will invest US$60mil (RM283.86mil) and collaborate with Ecoscience International Bhd (EIB) to build and manage a TG2 black pellet plant in Gebeng Industrial Park Phase III in Kuantan, Pahang.

Wilhelmina shall finance, own, and operate the TG2 black pellet plant, while Ecoscience will undertake the engineering, procurement, and construction (EPC) work. The two companies are expected to complete an EPC and master manufacturing agreement by the fourth quarter of 2024.